This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Amazon Launches Android App Store in China: Ahead of the Ticker

NEW YORK (TheStreet) -- Amazon.com (AMZN) is the first Western technology company to offer a platform for paid Android applications in China.

The company has officially launched an Android app store in the country, offering both free and paid apps. Amazon has beaten Google (GOOG) to the punch, as the Google Play app store only offers free apps in China.

Amazon has been expanding its presence in China over recent months, launching the Kindle e-book store in December. It has also begun allowing developers to submit Chinese-language apps. Amazon devices like the Kindle and Kindle Fire have not hit the Chinese market yet, but there is speculation that they will soon now that both the Kindle e-book store and Android app store are available in the country.

Amazon's app store will face competition from Chinese rivals that offer free and paid apps, but the company is hoping its brand recognition will lure in customers who are worried about the malware that often comes with apps in the country. Amazon said it checks each app before it offers it for download to protect against malware.






General Motors (GM) said it sold 261,870 vehicles in China in April, a 15.3% increase from a year ago.

This comes a month after GM said it plans to invest $11 billion in China, $7 billion of which it plans to invest by 2015.

The company focused on the U.S. in a separate announcement it made on Monday, saying it plans to invest about $16 billion domestically on factories and facilities through 2016.

"Our investments in the U.S. and China reflect our determination to remain number one in the world's top two markets," said GM spokesman Greg Martin.

GM CEO Dan Akerson has plans to boost operating margins in North America to 10% from 7.4% by 2015.

On May 2, GM reported first-quarter net income that dropped 11% to $1.18 billion from the same period a year ago. Excluding items, the company reported profit of 67 cents a share, beating analysts' estimates of 54 cents.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,098.45 +18.88 0.11%
S&P 500 2,003.37 +6.63 0.33%
NASDAQ 4,580.2710 +22.5760 0.50%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs